http://www.completefrance.com/french-property/french_holiday_home_tax_hike_planned_1_1433451
http://www.connexionfrance.com/Holiday-homes-non-residents-social-charges-Ayrault-13902-view-article.html
Incidentally ANYONE who has a secondary residence in France regardless of where their primary residence is has to pay a massive 33% tax to the government when they sell it.
I can understand why the media might report this as 'Brit bashing', but don't forget it's summer, the silly season, the civil servants have all left Paris for the seaside and there's nothing else to write about!!!
And of course not just Brits who own holiday homes. Still, the Daily Mail wouldn't want that to stop a bit of froggy bashing.
Why call it Froggy bashing when it appears to be true?
Simply this. CGT increases to 34.5% for foreign owned holiday homes and also that tax on all rental income will in the future include social charges bringing it in line with second homes owned by French nationals.
This wouldn't have anything to do with UK ex-pats who do mainly live in France but also still own a home here nominating their UK house as their main residence in order to avoid paying UK CGT on it when they sell are now discovering that the French taxes on 2nd homes are making that little 'tax avoidance' scheme no longer quite so attractive?
SM
Post a Reply
Please sign in or register an account to reply to this post.
Similar Topics
-
French holiday home tax hike planned
Posted by Glynis HT Admin in EX-Pats and Owners Abroad
-
Are there any Holiday Watchdog type TV Programs planned?
Posted by SWester in Holiday Complaints
-
Owning a holiday home- insurance for UK home?
Posted by Fiona in EX-Pats and Owners Abroad
-
chez nous french holiday
Posted by vendee in Holiday Complaints
-
price hike
Posted by selfey in Spain - Balearics - Ibiza Discussion Forum